An investigation for investors in QLogic Corporation (NASDAQ:QLGC) shares over potential securities laws violations by QLogic was announced and NASDAQ:QLGC stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWire) -- 07/21/2015 --An investigation for investors in NASDAQ:QLGC shares over potential securities laws violations by QLogic and certain of its directors and officers in connection certain financial statements was announced.

Investors who purchased shares of QLogic Corporation (NASDAQ:QLGC), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of QLogic Corporation (NASDAQ:QLGC) concerning whether a series of statements by QLogic regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On July 9, 2015, QLogic Corporation announced preliminary results for its first quarter ended June 28, 2015. QLogic Corporation said that it expects to report net revenue of approximately $113 million for the first quarter of fiscal 2016, compared to the previously-forecasted range of$124 million to $132 million. QLogic Corporation said that the preliminary results reflect lower than expected demand due to general weakness in the Company's traditional enterprise server and storage markets, and a build-up of inventory at certain of its OEM customers due to a slower next-generation server transition in enterprise environments. Shares of QLogic Corporation (NASDAQ:QLGC) declined from $14.14 per share on July 8, 2015, to $10.65 per share on July 9, 2015.

On July 17, 2015, NASDAQ:QLGC shares closed at $11.68 per share.

Those who purchased shares of QLogic Corporation (NASDAQ:QLGC) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com